Artist rendering of The Rivers condo project
The most interesting part of this news story for me was this comment from Chris Bourrassa, chief operating officer of 26th Avenue River Investments Inc.,
“He said many of the buyers are business leaders who have vision and can see the economy moving in the right direction.
Calgary is very strong and they can just foresee that now is the time to move on some of these things…
Movement back into Calgary — in the form of transfers from international corporations — is also a trend worth noting.”
Read more Luxury Elbow river condo sells for $8.99 million
Not on MLS
Take note, this condo was not listed on MLS and will not affect the average price. If it was factored in to the 30-day condo stats, the average price would be $309,000 rather than the actual $295,591.
What’s the condo fee?
A different unit in the same building is listed on MLS for $7,990,000. The condo fees are $3,834/mo.
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